Day Trading Futures

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but i definitely think majority of traders here have alternative income
It certainly helps to have multiple streams of income and a trader must create these streams of income during his trading career. These streams could be bank intertest, capital gains in shares and mutual funds units, rental income of real estate investments,dividends from shares and mutual funds..having multiple streams is very essential for wealth generation.

But when a new trader starts out, he has no additional streams of income and he has to run the household on trading income with small capital and then over and above save for rainy day and capital generation....it is tough initially but as the income starts rolling, it becomes easy at later stage as income increases much more than expences.

Smart_trade
 
With a spot close @ 7913.20 as on friday, the Combo 13 @ 7897.50 becomes very crucial.

as can be seen on the chart, the Sell setup is @ 8. for it to continue and a 9 to plot on monday, we need a close higher than close of 7897.5.
a close below 7897.5 on monday cancels the setup.

Nirav,

Now it is of little relevance whether the set up 9th bar gets completed or fails for Combo sell. What we have to observe now is whether the market closes above the H + (H-L) of the highest bar till we got the sell signal ( from your chart I see that this level could be around 7970 range.). If the market closes above, then it is set for a much higher levels than where it is now.

Smart_trade
 
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its nt a breakfast menu..its d coffin..err..i mean Omsai,s cough-hee contents :-D
your English is so good...........but some time it's looks idiotic Psycho giri.....:annoyed::D
 

XRAY27

Well-Known Member
It certainly helps to have multiple streams of income and a trader must create these streams of income during his trading career. These streams could be bank intertest, capital gains in shares and mutual funds units, rental income of real estate investments,dividends from shares and mutual funds..having multiple streams is very essential for wealth generation.



But when a new trader starts out, he has no additional streams of income and he has to run the household on trading income with small capital and then over and above save for rainy day and capital generation....it is tough initially but as the income starts rolling, it becomes easy at later stage as income increases much more than expences.

Smart_trade
This is the true life of fulltime trader at start.. :)
 
It certainly helps to have multiple streams of income and a trader must create these streams of income during his trading career. These streams could be bank intertest, capital gains in shares and mutual funds units, rental income of real estate investments,dividends from shares and mutual funds..having multiple streams is very essential for wealth generation.

But when a new trader starts out, he has no additional streams of income and he has to run the household on trading income with small capital and then over and above save for rainy day and capital generation....it is tough initially but as the income starts rolling, it becomes easy at later stage as income increases much more than expences.

Smart_trade
ST bro.....in my view....one should not rely on share market for back up..... earnings....so back up should be..non Share market related....whether you are newbie or Veteran trader....it's apply for all....:thumb:
 
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